This tiny, lightweight, battery-powered jewel is loosely based on Nagra's VPS phono stage that I reviewed in October 2008 but uses bipolar transistors instead of tubes. The bottom of the company's familiar brushed-aluminum case has a grippy rubber material die-cut to spell Nagra. It's intended to keep the preamp from sliding, but stiff cables will have the BPS hanging in the air if you're not careful. The BPS costs $2399.

Musical Fidelity's founder, Antony Michaelson, arrived at my house to help me set up the two chassis of his sleek, limited-edition, $30,000 Titan power amplifier. (The task requires at least two people.) A week later, a representative of Musical Fidelity's US importer, KEF America, dropped by to listen and to deliver three of Musical Fidelity's new V-series products: a phono preamp, a DAC, and a headphone amp. All three fit comfortably into a small paper bag; the price of the three was $700.

I first spotted Audia Flight's exquisite-looking two-box phono preamplifier ($6100) at last year's Hi-End show in Munich, and now that Musical Sounds is importing Audia Flight gear, a review of the Phono seemed a good idea. I know nothing about Audia Flight or the designer, or what Italian audiophiles think of them, but the more time I spent with the versatile, exquisitely built Phono, the more I liked everything about it.

Much has happened in the analog world since I reviewed SME's flagship Model 30/2 turntable for the March 2003 Stereophile (footnote 1). Back then, spending $25,000 on a turntable (without tonearm) was an odd extravagance intended only for those seriously committed to the format, and who already owned large LP collections. Although new LPs were being pressed in growing numbers, the resurgence of vinyl was still spotty, and the long-term prognosis for the old medium remained in question.

If you ever find yourself in an audiophile-type argument and need proof that, in the 21st century, manufacturing high-performance audio gear to sell for a reasonable retail price is becoming an impossibility, point to Vincent T.A.C.'s TubeLine SV-236MK integrated amplifier, designed in Germany and built in China.

Unless you've already acquired a large collection of SACDs, buying a player in 2009 necessitates an act of faith similar to the one turntable buyers faced back in 1992. As with the LP back then, the major labels today have all but abandoned the SACD to such niche players as Chesky, Proprius, Harmonia Mundi, Pentatone, Channel Classics, 2L, Telarc, Mobile Fidelity Sound Lab, Groove Note, and Acoustic Sounds.

Italian manufacturer Chario Loudspeakers has never had a strong presence in the US. No wonder, then, when confronted by these exquisitely finished beauties of solid hardwood, many American audiophiles think, "Sonus Faber rip-off." Without knowing the musical history of the 1960s, had you heard Badfinger first, you might have thought the same thing when you then heard the Beatles. Similarly, Chario, by far Italy's largest maker of high-performance speakers, was founded in 1975, eight years before Sonus Faber. While SF has its drive-units built to its own specifications by other firms, Chario designs and builds its own.

Founded in 1925, Luxman has long been one of Japan's most highly regarded audio manufacturers. Throughout the 1970s and into the 1980s, Luxman's tube preamplifiers and power amplifiers occupied the top shelves of high-performance audio retailers, and to many older American audiophiles, the Luxman name is as familiar and esteemed as those of such storied American brands as McIntosh and Marantz. Luxman's combination of rich, warm sound, superb build quality, and indelible industrial design made its products fully competitive with other brands then considered among the world's best.